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20121226
20130103
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Search Results 0 to 15 of about 16
within 48 hours. >> speaker john boehner voted for the deal, breaking the republican leaders eric cantor of virginia and kevin mccarthy of california who voted against. paul ryan joined speaker boehner, voting for the bill. after the vote, president obama tried to set the terms for the fiscal fights ahead in a rare late-night appearance with joe biden by his side in the briefing room. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together, with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> but republicans are already looking ahead to another budget showdown in late february. that's when the temporary delay on domestic and military spending cuts expires and when congress must raise the $16.4 trillion debt ceiling limit to avoid default. >> save your powder for the debt ceiling fight. we have leverage at the debt ceiling to make this president face up to the fact that we're spending our way into oblivion. >> last night, the president warned republicans not to use t
to simply come up for a vote. but he's got problems, including his number two, eric cantor, doesn't like, he can't support what the senate passed in such a lopsided vote and it looks like there's going to be a vote maybe tonight on new legislation which if it's passed by the house would then have to go back to the senate. >> reporter: that's right. first of all, let's talk about your question about the house speaker. he, i am told by several people in this meeting today, was very intentionally did not give his opinion. he didn't say whether he supports or opposes this bill. eric cantor did and he was certainly sending a signal to conservatives and making clear his personal position for good reasons. as the speaker goes, he really, i'm told, was told to just listen to concerns of the members. but it is true that if they do amend this, that it would have to go back to the senate down the hall here and it would have to be passed by thm or not. the other thing, just to sort of play this out a couple of days, there's a new congress sworn in on thursday, in just two days. if they don't finish this
of the leadership of his party who voted in favor of the bill. eric cantor and kevin mccarthy joined the majority of their party in voting no. boehner did find support from one key republican, paul ryan of wisconsin also voted yes. the main sticking point for republicans, a lack of spending cuts. hours before last night's votes, republicans considered trying to amend the bill from the senate and add additional spending cuts in. the senate made it clear they had no intention of revisiting this idea. so if changes were made that would essentially kill it. before the vote, republicans took to the floor and voiced their concerns. >> there are no spending cuts. we're adding $4 billion a day to the debt. the senate failed in cutting spending. >> i thought we were in a deficit crisis. i thought families were put at risk by this massive debt. what does this do about that? >> it was way past those senators bedtimes, they were blurry eyed when they were reading it we are trying to fill in the gap for where they missed a few things. >> i think it's unreasonable for senator reid to say something they produce
right tea party members, republicans breaking ranks with their house majority leader eric cantor to vote for a plan, 85 house republicans voted for the deal, 151 republicans voted against the deal, including cantor, and that didn't sit well with the tea party. amy kremer tweeted this "i'm extremely disgusted with what happened in the house tonight. there will be consequences." and if you scan any of the big national paper this is morning, the headline might be that yes a deal was reached but how we got there is also making news. "the los angeles times" proclaimed "fiscal cliff plan clears house with gop divided." "the new york post" called it "leap of faith, gop breaks ranks to pass bill." jeff landry was on cnn's "early start" and acknowledged the party tension. >> we have to have a fight to determine what republicans actually stand for now. i think that what you saw november 6th was the fact that the republican establishment can't figure out what they stand for. >> over the next two months we could see a lot more political tension, that's for sure. the deal still has not addressed the
voted yes while eric cantor and kevin mccarthy voted no. if he decides to run for president in 2016, he might be going up against rubio or rand paul, they both voted no. ryan would be only one of the three that voted yes. the plan means the bush tax cuts will continue for those making under $400,000 a year and couples making less than $450,000 a year. the tax rates will go back up for those making more. the automatic spending cuts that were set to kick in today are delayed for two months. the deal with extend unemployment insurance for some two million people for a year. the estate tax goes back up to 40%. also tax credits will continue for child care, tuition and research and development. on the flip side, the payroll tax rate will go back up to more than 6%. next up, congress and the administration have to figure out what to do about the spending cuts that are going to go into effect in two months if we don't do something and also, there is the issue of raising the debt ceiling. we're back with more show and
leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent shock waves through his conference, which was already extremely skeptical of the agreement, and perhaps looking for a leader. conservative opposition to the agreement stems from a host of issues, including that the deal does not include any spending cuts, would significantly add to the deficit and raise taxes on those making more than $400,000 a year. while the republicans were meeting earlier today, the congressional budget office came out with its scoring of the bill passed by the senate. another four dollars trillion in deficit spending is what they scored its ad for the next nine years, about $330 billion in additional spending. the senate did not pass any spending cuts. those were pushed down for about two months. that is where we stand now, waiting for the house to come back into session. waiting for the house conference to come back from their meeting. perhaps the leadership will speak to the press. we're ready for that. we spoke to o
back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president, leaders, to have some type of framework for democrats and republicans to vote on. right now we're not there, and so far both sides have taken to blaming one another. >> the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. rich: so senate democrats want the house to pass their proposal. it passed a couple of months ago. it extends all current tax rates for income amounts on families of less than $250,000 a year. rep
republicans, speaker john boehner and eric cantor were split. also notable, budget chairman paul ryan voted yes. the final gop count, 151 against the bill and 85 in favor. >> it was all about maintaining, if you will, the status quo of kick the can down the road. >> there's no spending cuts. we're adding $4 billion a day to the debt. the senate will fail miserably in cutting spending. >> much better to make this deal now and move on to those other fights at the appropriate time, which is, by the way, just around the corner. >> some conservative pundits have been blasting republicans and newt gingrich tweeted "the gop has been engauged ged in a two-month dance of defeat and surrender. >> good morning, happy new year. >> good morning. >> happy new year. >> david, do you agree with your former boss? did republicans surrender? >> no, they were just faced with a very difficult choice. obviously in terms of the tax cuts, that's something that if republicans wanted to see go forward, we've been talking about that for years, it was originally a republican proposal but a lot of members were clearly
-pong match there. and we're just learning, dana, eric cantor is telling reporters that he does not support the bill. he does not support the bill. he didn't say whether he would vote against it. he said he did not support the bill. joining us from capitol hill, representative peter welch, the democrat of vermont. thank you so much for being here with us. one of the big questions, do you have any hesitations about voting for the bill that has passed the senate? >> i don't have hesitation about voting for it. there is a lot of things i don't like. and a lot of us thought that the president should have held firm on the revenues at $1.6 trillion, because that's got to be a significant component of a long term balanced deal. on the other hand, we weren't able to get it, partly because of the practical realities of legislating in this town. so what we have now is a middle class tax cut, they're going to stay at the lower rates. we have broken the iron grip of grover norquist on the republican party, at least in the senate, and taxes have gone up on the top 2% and that will help us if going forwa
think he will show that strength assuming he has eric cantor on board, kevin mccarthy, some of the other young guns, as they lake to call themselves, in the house of representatives. the or young republican leaders. if he can get all of them together, he's not photog bring in all of the tea party activists in the republican caucus gu together with the democrats who will support him this time and the republicans that could cobble together the 218 votes they need, they have to do this, suzanne, today or tomorrow because at noon on thursday, the 113th congress is sworn in. that's a new congress, new senate, new house of representatives. they have to start from scratch. the legislation that passed in the middle of the night last night, that's going to have to be passed once again in the senate if they don't get this done before thursday at noon. remember, tomorrow's a regular day on wall street. markets are opening tonight on the east coast of the united states, the asian markets will be opening. people will be watching closely to see if there's stability, if there's continuity, a disrupt tu
sunday paper or print the coupon at officemax.com. >>> checking the top stories, eric cantor says there's no decision yet when the house will vote on the fiscal cliff deal, which was approved by the senate overnight. house lawmakers return to work in about 90 minutes. the house could approve, reject or amend the measure which keeps tax rates unchanged for most americans. >>> while congress is focusing on the fiscal cliff, the u.s. hits the debt ceiling on monday. they have two months to raise the borrowing limit or risk the government defaulting on its financial obligations. >>> the new york state rifle and pistol association is calling for a boycott of any business that advertises with the paper. they published a list of names and owners of pistol holders. they will continue adding names to the map. >>> secretary of state hillary clinton is being treated for a blood clot in her head and is expected to make a full recovery. but that doesn't mean people are not concerned. joining us live now from the state department is our foreign affairs correspondent jim dougherty. how long is the sec
leader eric cantor have just arrived at capitol hill where all eyes are on the house. as we await act on the bill that passed by the senate early this morning and averts across the board tax hikes and massive spending cuts set to kick in today. brand new hour of "america's newsroom." thank you for joining us. i'm heather childers in for martha maccallum. rick: i'm rick folbaum in for jon. happy new year. >> you will stick it to the rich people. but guess what? you may not get anymore revenue and anymore economic growth but you can say i stuck it to the rich people. >> i'm dis.ed we did not get a grand bargain we tried to do so long but we tried. passing this agreement does not mean negotiations halt, far from it. we can all agree there is more work to be done. heather: chief congressional correspondent mike emanuel is live on capitol hill for us. mike, any sense of the next steps on the house side of the capitol? >> reporter: heather, you mentioned speaker of the house john boehner and majority leader eric cantor are on the hill on the way in. no decision has been made whether they ta
it and send it back is what eric cantor and others wanted. the problem with sending it back is there would be no one to send it to. the senate left the building. the house would have gone back and said we're going to keep our apbldz in. what speaker boehner did is join the minority of republicans. he voted, so 85 republicans said yes, but 172 said no. essentially they violated their own unwritten hastert rule and used the majority of democrats to pass this bill. longtime conservatives see it as a rau for the president. >>steve: even in the leadership of the republican party you've got john boehner and paul ryan voting for it. then you've got eric cantor, the majority whip, voting against it. at the core, all the republicans had to hold their nose because they do not as a party like the idea of taxes going up on anybody. now the way it stands is if you are very successful and you make at least $400,000 a year, your taxes are going to go up to about 40%. for everybody watching this program now, your payroll taxes are going up. last year it was about 4.2% exactly, and starting this morning it
to the tea party. i have bad news for the tea party. and for party president's whether it is eric cantor from virginia, the majority leader in the house, or the president, but neither of them were elected to make all the roles and come to all the decisions. sort of middle ground will live to be found. simpson-bowles does not provide it. i will give you example. they raise the retirement age by a year or two very slowly. the retirement age task ago to 70 or there's no way out on social security. numbers tell us that. it is that simple. at the same time, its only marginally increases the retirement age and creates a new benefit for high stress occupations. 1,722,000 people would qualify, but all experience with these things, whether you are a republican from georgia or a liberal democrat from manhattan, as soon as a law like that gets passed, people become creative in finding ways to qualify. out of the woodwork, all the folks that would qualify. at the end of the david acton & social security age for everybody was truly disabled and let the market take care of its. people in stress occupations
if someone to his right, that caucus shrinks more. >> clayton: and some-- >> you've heard paul ryan and eric cantor. >> clayton: he was speaking and saying no, those won't be the individuals up. >> dave: i don't think we'll see that. >> clayton: fascinating. >> juliet: we'll see some severe weather, wild weather into the northeast right now. and people are still having last week's snow. as you can see, the plows are sitting by, getting ready to get out there, and throwing the salt on the ground and we're going to go to maria molina right now for an update on what's happening, maria? >> hey, good morning. good to see you. good morning, everyone, we have another snowstorm coming into the northeast just after on thursday 20 inches of snow across places of parts of upstate new york and new england and hit with that storm and another round. the good news for the system it's not forecasted to be anywhereas strong as last one was. it will be in later this morning and out by later this evening and through tonight. across portions of the southeast we have been dealing with some areas of heavy rain an
: two things, why did they harp on taxes so much if they were going to cave? >> eric: i don't know. >> bob: secondly, how bad is the riff in the republican party? >> eric: very bad. 100%. you are pointing it out. bad riff, especially when cantor and his group votes no and boehner and his group votes yes. house divided. a lot of conservatives watch, and they go to drug import. they put up a poll today should boehner step down or be replaced? i looked and it said 85% of the respondent said replace boehner. it's an issue. issue on the right. they have to address it. >> dana: when things don't feel like they are going well, are you satisfied with that particular person? then everyone says no. what is amazing to me of the fiscal cliff, it avoided all the real issues. president obama in his statement last night, one thing he said is we are not going to tax our way out of the entitlement spending problem. why have you not done anything for five years? now he says he is going to try to get more tax increases without being -- with a caucus that says we're not going to do anything on entitle
Search Results 0 to 15 of about 16